Television marketing man accused with absconding P224-M

MANILA, Sept. 21 (PNA) — Solar Team Entertainment Inc. (STEI), a provider of entertainment shows, has asked the SC to compel its former marketing agent Felix Sia Co of Team Image Entertainment, Inc. (TIE) to pay up the more than P224 million worth of unremitted airtime collections and advertising sales.

STEI president William Tieng, in a 30-page petition, urged the SC to reverse and set aside the July 24, 2008 decision of the Court of Appeals (CA) and instead clear it of the allegation that it had violated its “compromise agreement” with Co, who was designated as marketing agent of STEI’s theatrical materials – movie films, telenovelas, television series, programs and coverage specials – from April 24, 1996 up to September 2000.

The CA earlier ruled that STEI has violated the compromise agreement with TEI when it allegedly failed to “provisionally dismiss” its complaint-in-intervention against Co, in a separate case involving the marketing firm pending before a Makati City regional trial court.

The dispute between STEI and TEI started when the marketing firm refused to account the unaccounted sales and unremitted collections amounting to P224,721,770, despite repeated demand from Tieng’s STEI.

TEI was designated as marketing agent of STEI on April 24, 1996. Under the agreement, TEI would be its sole and exclusive agent to market advertising spots and block timers in movie telenovelas, television series, programs and airing specials to advertising agencies, commercial and business establishments and enterprises who may wish to advertise their products or business on televisions.